Is Obama playing Grouch Marx ‘Who are you going to believe, me or your lying eyes?’ or Karl Marx ‘Democracy is the road to socialism.’

By Sam Youngman at The Hill

President Barack Obama and his team are trying to sell Americans on an economic recovery this summer, but the economy is stubbornly refusing to cooperate.?Obama and his Cabinet officials will fan out across the country over the next few days to spread the message to voters about how effective their $787 billion recovery plan has been, an effort they’re calling “recovery summer.”

The administration’s message has run into several negative economic headwinds that have led to worries the economy is at risk of entering a double-dip recession, not a recovery.

As Obama travels Wednesday to a Kansas City, Mo., truck manufacturer and delivers an address on the economy Thursday in Las Vegas, economists and even administration officials say there is very little for him to brag about.?Unemployment will probably rise above 10 percent and stay there or higher for the next nine months, well after the November midterm elections, according to Heidi Shierholz, who tracks labor figures closely for the Economic Policy Institute.

“The main story in the labor market right now is that we are adding jobs, but at a devastatingly slow pace, not even fast enough to start bringing the unemployment rate down,” Shierholz said. The economy added 83,000 private-sector jobs in June, but that’s not nearly enough to make up for the 7 million jobs lost during the recession.

FULL STORY

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